Dev Accelerator, operating under the brand name DevX, has filed its draft red herring prospectus (DRHP) for an initial public offering (IPO), planning to sell a total of 2.47 crore shares through a fresh issue. Notably, the IPO will not include any offer-for-sale component.
Key Details of the IPO
According to the filed DRHP, the IPO will consist of up to 24,700,000 equity shares, each with a face…
Mahindra & Mahindra has firmly denied reports suggesting a $3 billion joint venture with China’s Shaanxi Automobile Group to establish a car manufacturing plant in India. Here’s a detailed look at the current situation and what it means for the Indian automaker.
The Report and Mahindra’s Response
On August 9, 2024, a report by Reuters claimed that Mahindra & Mahindra (M&M) was in talks with…
Social business stage DealShare has brought $21 million up in its Series C round drove by WestBridge Capital. Hawk Edge’s Alpha Wave Incubation, Z3Partners, and existing speculators Matrix Partners India and Omidyar Network India likewise took an interest in the round.
In October 2019, Matrix and Falcon Edge had driven $11 million round in DealShare.
“The most recent financing will give us the…
